Scotiabank Comments on Enbridge's FY2026 Earnings (TSE:ENB)

Key Points

• Scotiabank slightly lowered Enbridge’s FY2026 EPS estimate to C$2.93 from C$2.94 and projects FY2027 EPS of C$3.18, while maintaining a “Strong Buy” rating.
• Analyst sentiment remains favorable, with Enbridge carrying a “Moderate Buy” consensus rating and an average price target of C$77.62.
• Enbridge’s shares opened at C$67.37, while the company offers an annualized C$3.88 dividend yielding approximately 5.8%; insiders also recently purchased shares.

Enbridge Inc. (TSE:ENB - Free Report) NYSE: ENB - Investment analysts at Scotiabank decreased their FY2026 earnings estimates for Enbridge in a report issued on Thursday, October 22nd. Scotiabank analyst R. Hope now expects that the company will earn $2.93 per share for the year, down from their prior estimate of $2.94. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for Enbridge's current full-year earnings is $3.51 per share. Scotiabank also issued estimates for Enbridge's FY2027 earnings at $3.18 EPS.

Other equities research analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce upgraded shares of Enbridge from a "hold" rating to an "outperformer" rating and raised their price objective for the company from C$77.00 to C$78.00 in a report on Friday, August 28th. BMO Capital Markets raised shares of Enbridge from a "hold" rating to an "outperform" rating and lifted their price objective for the stock from C$79.00 to C$79.50 in a research report on Tuesday, September 15th. ATB Cormark Capital Markets boosted their target price on shares of Enbridge from C$83.00 to C$84.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 15th. Jefferies Financial Group lowered their target price on shares of Enbridge from C$79.00 to C$70.00 in a research note on Tuesday, September 1st. Finally, Raymond James Financial increased their target price on Enbridge from C$79.00 to C$80.00 and gave the company a "market perform" rating in a report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$77.62.

Enbridge Trading Up 0.3%

TSE ENB opened at C$67.37 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 171.59. Enbridge has a 52 week low of C$62.42 and a 52 week high of C$80.65. The stock has a market capitalization of C$150.16 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.72. The firm has a 50 day moving average of C$67.91 and a two-hundred day moving average of C$73.28.

Enbridge (TSE:ENB - Get Free Report) NYSE: ENB last issued its quarterly earnings results on Friday, July 31st. The company reported C$0.63 earnings per share (EPS) for the quarter. Enbridge had a net margin of 7.28% and a return on equity of 10.01%. The company had revenue of C$29.32 billion during the quarter.

Insider Buying and Selling at Enbridge

In related news, Director Gregory Lorne Ebel acquired 7,105 shares of the firm's stock in a transaction on Monday, September 14th. The stock was bought at an average price of C$66.85 per share, for a total transaction of C$474,969.25. Following the completion of the purchase, the director directly owned 589,721 shares of the company's stock, valued at approximately C$39,422,848.85. The trade was a 1.22% increase in their position. Also, insider Michele Eva Harradence bought 7,105 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average cost of C$67.28 per share, with a total value of C$478,024.40. Following the completion of the transaction, the insider owned 87,467 shares in the company, valued at approximately C$5,884,779.76. This trade represents a 8.84% increase in their ownership of the stock. Corporate insiders own 0.10% of the company's stock.

Enbridge Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, September 1st were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $3.88 dividend on an annualized basis and a yield of 5.8%. Enbridge's payout ratio is 147.68%.

About Enbridge

At Enbridge, we safely connect millions of people to the energy they rely on every day, fueling quality of life through our North American natural gas, oil and renewable power networks and our growing European offshore wind portfolio. We're investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on more than a century of operating conventional energy infrastructure and two decades of experience in renewable power. We're advancing new technologies including hydrogen, renewable natural gas, and carbon capture and storage.

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